Value Management

Any organisation wants to do things right but must first make sure it does the right things.

The aim of change is to realise value over and above that realised through business-as-usual, so as to achieve the strategy and business plan.

An organisation will not be able to afford to implement all its ideas - some will not even work; it must respond fast to identify what will and will not realise value, re-scope, terminate, and push forward with new ideas.

• Are your projects truly aligned to your current strategic imperatives and the target operating model of the business?

• Are your board members in unified agreement with the change agenda?

• Do you have quality business cases at the outset of a project?

• Have you succeeded in getting executives to sign up to realising project benefits?

Organisations doing this can save more than 30% of their discretionary spend.

Value Management creates a truly high performing environment to help you establish financial governance and realisation of benefits in line with the strategy and business plan.

Benefits

• Ideas are quickly evaluated without wasting time and resources

• All change is benefit driven
• Common evaluation of ideas ensures fair comparison of value
• Accountabilities are clear and people know what they have to do to succeed
• Empowered benefit owners realise and report benefits from projects

• Unnecessary change and waste is cut out
• All new ideas are targeted at the company strategy and business plan
• Current projects and programmes not demonstrating value or strategic fit are terminated
• Duplication and overlap are avoided

• Financial control is maintained over investment spend and value generated.

What does it do?

People work more effectively when they know that they are working on ideas that contribute to the business success and will be carried through to produce value. People are frustrated when their work is wasted.

Value Management ensures that your discretionary spend is used effectively on projects that will deliver the benefits you need.

• Ideas are selected to create a blended and balanced portfolio of projects that meet the company's current strategic imperatives and investment criteria

• Insight is created across the whole portfolio to bring transparency to the process

• Financial and non-financial benefits are made the primary focus of every idea

• Benefits are validated before committing significant expenditure.

How does it work?

Using our simple tool, you can quickly establish the strategic fit, complexity profile, business risk and potential benefits of each idea.

A series of graphic representations enable comparison and analysis of all ideas from internal, external and financial perspectives.

There is no complex software to consider - easy to use tools and charts provide you with portfolio-wide visibility and control.

Click here to learn more about the relationship between Portfolio Management, Benefit Management and Change Governance.

What we do

We either provide this as a one-off facilitated service or work with your team to tailor the process to the precise needs of your organisation; training your team so that it becomes an integral part of your business planning, maintained under your own control.

Please contact us at Verdandi to obtain further information.

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